Creating the leading Nordic Supply Chain digitalization player
LUND - [JULY 1 2022] - PipeChain, a cloud-based Multi-Enterprise Network software for Automotive & Retail industry and Collaborative Planning & Replenishment software for global supply chains, is today announcing the acquisition of Tyringe Konsult AB (“Tyringe”). Tyringe is a Swedish-based supply chain software company with global reach, who since 1978 has helped companies to increase efficiency and competitiveness through its cloud-based order, customs, and transportation management process software.
Combining PipeChain and Tyringe, creates the leading Nordic player within supply chain collaboration for digitalized forecast-to-invoice processes, customs management, and transportation management. Both companies have a culture of combining thorough industry knowledge with relevant technology and roll-out methodology, to realize the power hidden within customers’ supply chains. In addition to these capabilities, dedicated organizations focusing on top-notch service level to its customers have proven to be a further explanation of customers’ success in driving their digitalization to levels far above the market in general.
“For PipeChain’s customers, the Tyringe solutions portfolio will open for dialogues covering not only the order-related digitalization, but also the collaborative processes around customs management and transportation management” says Hans Berggren, CEO of PipeChain. “Our combined turnover will reach SEK 120 million, with an ARR (annual recurring revenue) exceeding 70%, and we now have an impressive knowledge base in supply chain management and digitalization among our 80 employees”.
“To join forces with PipeChain will enable stronger growth for the new combined entity, based on a broader offer including Tyringe’s customs and transportation management solutions” says Jens Dremo, CEO of Tyringe. ”In addition to this, we will achieve synergies within sales, development and project delivery, where our great personnel will give customers an even better opportunity to discuss further business improvements”.
More information on how to get the most out of the combined PipeChain and Tyringe businesses, will be released during Q3 2022.
To learn more about PipeChain and Tyringe, visit www.pipechain.com and www.tyringe.com
About PipeChain
It's a beautiful thing to see - We see improvement. We see opportunities for you to get ahead of the competition. We see ways of unlocking and unleashing your company's hidden potential. We see progress. We see all that wonderful power hidden within your processes. By using our knowledge-based collaborative software, you will identify and release all that unused, unseen, unbelievable power of yours. We've been doing this for over twenty years and today we work with several different industries. This gives us invaluable knowledge and experience that we reinvest in our colleagues, in better and smarter software and, of course, in our clients. As you get better, we get better. Welcome to PipeChain. It's time to release the power.
PipeChain Group AB is a privately owned company. To learn more about how PipeChain, as your reliable expert with Swedish delivery quality, can help you boost your business, visit www.pipechain.com.
PipeChain® is a registered trademark of PipeChain AB.
Media Contact:
Hans Berggren, CEO
PipeChain Group AB
hans.berggren@pipechain.com
Jens Dremo, CEO
Tyringe Konsult AB
jens.dremo@tyringe.com